• bitcoinBitcoin (BTC) $ 101,507.00
  • ethereumEthereum (ETH) $ 3,881.46
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.40
  • solanaSolana (SOL) $ 221.13
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  • dogecoinDogecoin (DOGE) $ 0.393626
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  • cardanoCardano (ADA) $ 1.07
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  • shiba-inuShiba Inu (SHIB) $ 0.000027
  • the-open-networkToncoin (TON) $ 6.16
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  • suiSui (SUI) $ 4.53
  • polkadotPolkadot (DOT) $ 8.59
  • stellarStellar (XLM) $ 0.420162
  • hedera-hashgraphHedera (HBAR) $ 0.294277
  • wethWETH (WETH) $ 3,880.31
  • bitcoin-cashBitcoin Cash (BCH) $ 531.75
  • uniswapUniswap (UNI) $ 16.70
  • pepePepe (PEPE) $ 0.000023
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  • leo-tokenLEO Token (LEO) $ 9.45
  • nearNEAR Protocol (NEAR) $ 6.60
  • hyperliquidHyperliquid (HYPE) $ 23.08
  • aptosAptos (APT) $ 13.55
  • wrapped-eethWrapped eETH (WEETH) $ 4,095.32
  • internet-computerInternet Computer (ICP) $ 12.87
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • aaveAave (AAVE) $ 368.56
  • usdsUSDS (USDS) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.597235
  • ethereum-classicEthereum Classic (ETC) $ 32.50
  • crypto-com-chainCronos (CRO) $ 0.176008
  • render-tokenRender (RENDER) $ 9.01
  • vechainVeChain (VET) $ 0.057035
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.73
  • bitget-tokenBitget Token (BGB) $ 3.18
  • bittensorBittensor (TAO) $ 553.46
  • mantleMantle (MNT) $ 1.22
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  • kaspaKaspa (KAS) $ 0.155883
  • filecoinFilecoin (FIL) $ 6.45
  • moneroMonero (XMR) $ 209.00
  • mantra-daoMANTRA (OM) $ 3.91
  • whitebitWhiteBIT Coin (WBT) $ 25.11
  • fantomFantom (FTM) $ 1.24
  • cosmosCosmos Hub (ATOM) $ 8.83
  • algorandAlgorand (ALGO) $ 0.414780
  • daiDai (DAI) $ 1.00
  • blockstackStacks (STX) $ 2.22
  • okbOKB (OKB) $ 53.78
  • optimismOptimism (OP) $ 2.51
  • immutable-xImmutable (IMX) $ 1.82
  • celestiaCelestia (TIA) $ 6.72
  • ethenaEthena (ENA) $ 0.981234
  • dogwifcoindogwifhat (WIF) $ 2.83
  • bonkBonk (BONK) $ 0.000037
  • injective-protocolInjective (INJ) $ 27.49
  • ondo-financeOndo (ONDO) $ 1.86
  • theta-tokenTheta Network (THETA) $ 2.62
  • the-graphThe Graph (GRT) $ 0.270405
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.56
  • solana-swapSolana Swap (SOS) $ 4.23
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,883.19
  • flokiFLOKI (FLOKI) $ 0.000240
  • sei-networkSei (SEI) $ 0.574932
  • worldcoin-wldWorldcoin (WLD) $ 2.90
  • thorchainTHORChain (RUNE) $ 6.20
  • jasmycoinJasmyCoin (JASMY) $ 0.043379
  • galaGALA (GALA) $ 0.049047
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 101,531.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,355.92
  • lido-daoLido DAO (LDO) $ 2.19
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  • mantle-staked-etherMantle Staked Ether (METH) $ 4,084.88
  • the-sandboxThe Sandbox (SAND) $ 0.733947
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  • gatechain-tokenGate (GT) $ 13.49
  • based-brettBrett (BRETT) $ 0.167881
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  • kaiaKaia (KAIA) $ 0.279246
  • kucoin-sharesKuCoin (KCS) $ 13.43
  • eosEOS (EOS) $ 1.04
  • raydiumRaydium (RAY) $ 5.34
  • pyth-networkPyth Network (PYTH) $ 0.427955
  • heliumHelium (HNT) $ 8.68
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,989.77
  • tokenize-xchangeTokenize Xchange (TKX) $ 18.45
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 101,184.00
  • nexoNEXO (NEXO) $ 1.47
  • dydx-chaindYdX (DYDX) $ 2.06
  • jupiter-exchange-solanaJupiter (JUP) $ 1.08
  • flowFlow (FLOW) $ 0.935475
  • curve-dao-tokenCurve DAO (CRV) $ 1.15
  • tezosTezos (XTZ) $ 1.41
  • aerodrome-financeAerodrome Finance (AERO) $ 2.01
  • arweaveArweave (AR) $ 21.72
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 101,228.00
  • starknetStarknet (STRK) $ 0.621447
  • movementMovement (MOVE) $ 0.618668
  • iotaIOTA (IOTA) $ 0.390310
  • fasttokenFasttoken (FTN) $ 3.25
  • ethereum-name-serviceEthereum Name Service (ENS) $ 41.72
  • stauSTAU (STAU) $ 0.133529
  • coredaoorgCore (CORE) $ 1.40
  • bitcoin-svBitcoin SV (BSV) $ 64.80
  • elrond-erd-2MultiversX (EGLD) $ 45.82
  • bittorrentBitTorrent (BTT) $ 0.000001
  • neoNEO (NEO) $ 17.78
  • binance-staked-solBinance Staked SOL (BNSOL) $ 225.53
  • msolMarinade Staked SOL (MSOL) $ 275.19
  • xdce-crowd-saleXDC Network (XDC) $ 0.081102
  • aioz-networkAIOZ Network (AIOZ) $ 1.06
  • mog-coinMog Coin (MOG) $ 0.000003
  • axie-infinityAxie Infinity (AXS) $ 7.56
  • matic-networkPolygon (MATIC) $ 0.596765
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 1.14
  • decentralandDecentraland (MANA) $ 0.607297
  • apecoinApeCoin (APE) $ 1.54
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,867.48
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,089.97
  • popcatPopcat (POPCAT) $ 1.10
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 100,878.00
  • havvenSynthetix Network (SNX) $ 2.97
  • chilizChiliz (CHZ) $ 0.109744
  • jito-governance-tokenJito (JTO) $ 3.69
  • mina-protocolMina Protocol (MINA) $ 0.811604
  • conflux-tokenConflux (CFX) $ 0.204219
  • compound-governance-tokenCompound (COMP) $ 109.03
  • eigenlayerEigenlayer (EIGEN) $ 4.57
  • pendlePendle (PENDLE) $ 5.74
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.24
  • akash-networkAkash Network (AKT) $ 3.75
  • dydxdYdX (ETHDYDX) $ 2.06
  • zcashZcash (ZEC) $ 58.28
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 100,848.00
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 235.48
  • superfarmSuperVerse (SUPER) $ 1.99
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,883.46
  • wormholeWormhole (W) $ 0.318945
  • goatseus-maximusGoatseus Maximus (GOAT) $ 0.866066
  • ecasheCash (XEC) $ 0.000043
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.008493
  • usual-usdUsual USD (USD0) $ 0.999979
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,880.61
  • blurBlur (BLUR) $ 0.398048
  • amp-tokenAmp (AMP) $ 0.010682
  • zksyncZKsync (ZK) $ 0.221213
  • ai16zai16z (AI16Z) $ 0.735426
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.393611
  • notcoinNotcoin (NOT) $ 0.007908
  • roninRonin (RON) $ 2.13
  • grassGrass (GRASS) $ 3.26
  • axelarAxelar (AXL) $ 0.880967
  • turboTurbo (TURBO) $ 0.010905
  • usddUSDD (USDD) $ 0.999854
  • reserve-rights-tokenReserve Rights (RSR) $ 0.013846
  • gnosisGnosis (GNO) $ 283.30
  • echelon-primeEchelon Prime (PRIME) $ 14.25
  • ordinalsORDI (ORDI) $ 34.67
  • oasis-networkOasis (ROSE) $ 0.107708
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000129
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,210.59
  • layerzeroLayerZero (ZRO) $ 6.25
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.007767
  • neiro-3Neiro (NEIRO) $ 0.001602
  • 1inch1inch (1INCH) $ 0.478750
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 100,851.00
  • tether-goldTether Gold (XAUT) $ 2,665.21
  • chex-tokenCHEX Token (CHEX) $ 0.657183
  • fartcoinFartcoin (FARTCOIN) $ 0.664008
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  • super-oethSuper OETH (SUPEROETHB) $ 3,885.73
  • spx6900SPX6900 (SPX) $ 0.678585
  • safeSafe (SAFE) $ 1.22
  • nervos-networkNervos Network (CKB) $ 0.013701
  • arkhamArkham (ARKM) $ 1.97
  • gigachad-2Gigachad (GIGA) $ 0.064168
  • kavaKava (KAVA) $ 0.555689
  • livepeerLivepeer (LPT) $ 16.24
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  • frax-etherFrax Ether (FRXETH) $ 3,872.01
  • apenftAPENFT (NFT) $ 0.00000058
  • act-i-the-ai-prophecyAct I The AI Prophecy (ACT) $ 0.601418
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 101,285.00
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 3,877.31
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  • trust-wallet-tokenTrust Wallet (TWT) $ 1.33
  • telcoinTelcoin (TEL) $ 0.007093
  • book-of-memeBOOK OF MEME (BOME) $ 0.008021
  • dexeDeXe (DEXE) $ 9.60

Bitcoin Price Avoids Collapse But Can Bulls Clear This Major Hurdle?

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Bitcoin price trimmed losses and climbed above $37,750. BTC gained pace but it is still struggling to clear the $38,500 resistance zone.

  • Bitcoin is again facing heavy resistance near the $38,500 zone.
  • The price is trading above $37,500 and the 100 hourly Simple moving average.
  • There was a break above a major bearish trend line with resistance near $37,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is struggling to clear the $38,500 resistance and correcting gains.

Bitcoin Price Extends Decline

Bitcoin price revisited the $36,720 support zone. BTC managed to avoid a collapse and started a fresh increase above the $37,000 level. There was a clear move above the $37,500 level.

Besides, there was a break above a major bearish trend line with resistance near $37,250 on the hourly chart of the BTC/USD pair. The pair surged above the $37,750 resistance. However, the bears were again active near the $38,500 resistance.

A high was formed near $38,390 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the recent wave from the $36,720 swing low to the $38,390 high.

Bitcoin is now trading above $37,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $38,200 level. The first major resistance is forming near $38,400. The main resistance is now near the $38,500 level. A close above the $38,500 resistance might start a strong increase.

Bitcoin Price Avoids Collapse But Can Bulls Clear This Major Hurdle?

Source: BTCUSD on TradingView.com

The next key resistance could be near $39,200, above which BTC could rise toward the $39,500 level. Any more gains might send BTC toward the $40,000 resistance.

Another Drop In BTC?

If Bitcoin fails to rise above the $38,400 resistance zone, it could start another decline. Immediate support on the downside is near the $37,600 level.

The next major support is $37,500 or the 50% Fib retracement level of the recent wave from the $36,720 swing low to the $38,390 high. If there is a move below $37,500, there is a risk of more downsides. In the stated case, the price could drop toward the $36,720 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $37,600, followed by $37,500.

Major Resistance Levels – $38,400, $38,500, and $39,200.

Source

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